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Did you know that by 2020, Medicare is projected to reach 17 percent of budget outlays and 4 percent of the GDP? There are approximately 56 million people enrolled in either Medicare or Medicare Advantage plans, and this figure is only expected to grow. Suffice it to say, the Medicare market is vast, and health plans that provide these services remain prosperous.
At the same time, health plans that provide these services are bogged down by the looming deadlines set by the Centers for Medicare & Medicaid Services (CMS). To make matters worse, these deadlines are constantly changing, new rules are added and no two plan year is the same.
View the infographic below for an overview of key dates for Medicare Advantage.
So, what’s a health plan to do? For starters, they can keep up to date with industry updates and deadlines in an organized fashion. The team at Blue Relay can be your one-stop-shop for anything CMS-related, and make sure you never fall behind with helpful reminders and the latest updates to guidelines.